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lukranit [14]
3 years ago
10

An economic model: Group of answer choices A. applies economic theory to understand real-world events. B. is so abstract that it

cannot be applied to real-world events. C. can only be used to understand free markets. D. is an action taken to influence the course of economic events.
Business
1 answer:
Drupady [299]3 years ago
5 0

Answer:

A. applies economic theory to understand real-world events.

Explanation:

An economic model is a simplified version of reality that allows us to understand and predict economic phenomena.

characteristics of economic models are ;

They capture the fcomplexity of a phenomenon

They are able to make powerful predictions they are simple to understand

An example of an economic model is the production possibility frontier (PPF) . The PPF is a curve that shows the two combinations of goods that can be produced given the resources of an economy

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Answer:

Hazel will have to pay Jill $750 for his remaining life because Hazel had received something which is very expensive in return in compensation of his lifetime monthly payments of $750 to Jill. So this means that the 100% contract is enforceable.

The contract formation can be proved in the court because when Hazel will say that the contract is not written so according to Statute of Fraud he is not liable to pay Jill. This means he is agreeing at the point that the contract was in place.

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4 years ago
Graph y= –12x–6 .<br> please helpv
Valentin [98]

The first point is (-1, 6)

The second point is (0, -6)

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4 years ago
opulation 500 Population over age 16 400 Persons employed full-or part-time 200 Persons unemployed and actively seeking work 20
Reika [66]

Answer:

The number of people employed = 200

The number of people unemployed = 20

The number of people in the labor force = 220

Explanation:

a) Data and Calculations:

Population = 500

Population over age 16 = 400

Persons employed full-or part-time 200

Persons unemployed and actively seeking work 20

Persons who have quit seeking work due to lack of success 10

Part-time workers seeking full-time jobs 30

The number of people employed = 200 (full-or part-time)

The number of people unemployed = 200 (400 - 200)

The number of people in the labor force = employed and unemployed seeking work (200 + 20) = 220

b) A country's labor force is made up of employed persons (full-time or part-time) and persons actively looking for work.  Some of the population who are not actively seeking employment may be kept of the labor force because of education or family responsibilities.  These persons may return to the labor market later.

3 0
3 years ago
Gracie wants to buy a new couch, but there is only one place in her town that sells them, and she lives in an isolated area. Gra
Yuki888 [10]

Answer:

D) choose

Explanation:

President Kennedy introduced 6 basic consumer rights:

  1. The right to be safe - consumers should not suffer injuries caused by the products they purchase.
  2. The right to choose freely - consumers have the right to choose freely among different options.  
  3. The right to be heard - consumers have to right to voice their complaints and concerns about the products they purchase.  
  4. The right to be informed- businesses must provide product information to their consumers.
  5. The right to education- consumers have the right to request information about the products they purchase.  
  6. The right to service – consumers have the right to better services.

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4 years ago
Which of the following is not one of the Cs of team players?A. ConscientiousB. CommittedC. CollaborativeD. CompetentE. All of th
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All of them. You want people to be kind, focused, work together, and be smart.

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